[2016-12-22]BTC38 hot wallet got hacked and lost 1.5 million

[hl5460]

“As a result of the server logic problems on 21st Dec, more than 10 million Bitshares, over 10 million NXT and some BTC/LTC were stolen from the exchange’s hot wallet (estimated total loss of  1.5 million RMB). We shut down the server immediately and stayed up all night to fix the problem. We have reviewed our wallet deployment plan and made new adjustments. We will take full responsibility for the total loss of the digital asset (market buyback).” The most important assurance is that all funds are safe in the hands of BTC38.
BTC38 explained the delay to calm down the market:“As we are currently redeploying the wallet, the service for certain coins will be resumed gradually.”

http://news.8btc.com/exclusive-btc38-hot-wallet-got-hacked-and-lost-1-5-million

[1715258303]

1715258303

[1715258303]

1715258303

[1715258303]

1715258303

[DooMAD]

Fortunately it was only a fraction of the amount lost in the Bitfinex hack, but once again should serve as a warning to those who use exchanges like a bank to store their funds.  Time and again this has proven to be an unsafe practice.  Bitfinex was estimated at around 120,000 BTC lost, whereas this one is only the equivalent of around 250 BTC.  

[richardsNY]

Fortunately it was only a fraction of the amount lost in the Bitfinex hack, but once again should serve as a warning to those who use exchanges like a bank to store their funds.  Time and again this has proven to be an unsafe practice.  Bitfinex was estimated at around 120,000 BTC lost, whereas this one is only the equivalent of around 250 BTC.  

I am happy that even though the amount is quite on the lower side compared to other hacks, that the market hasn't shown any signs of taking this news serious. No matter how many of these hacks happen, people don't seem to care much, which I find a very worrying thing. I am glad all my coins are stored offline under my own control. Nothing can happen with them. More people should follow that as an example.

[cpfreeplz]

Fortunately it was only a fraction of the amount lost in the Bitfinex hack, but once again should serve as a warning to those who use exchanges like a bank to store their funds.  Time and again this has proven to be an unsafe practice.  Bitfinex was estimated at around 120,000 BTC lost, whereas this one is only the equivalent of around 250 BTC.  

I was trying to figure out what RMB was but obviously 250BTC in minor in terms of the whole market. Bitfinex was almost 1% of all bitcoins whereas this is ... such a small fraction. We've seen so much upward movement I doubt this will have much affect at all on price.